All articles by David Robinson – Page 94
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NewsNetherlands joins America’s Cup challenge
A joint Dutch challenge from the Royal Netherlands Yacht Club Muiden and the Royal Maas Yacht Club for the 36th America’s Cup has been accepted by Emirates Team New Zealand and the Royal New Zealand Yacht Squadron.
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Gordon Dadds completes £27m Ince & Co takeover
The £27.3m acquisition of the UK assets of Ince & Co LLP law firm by AIM-listed Gordon Dadds LLP has now been completed and the shares in the enlarged company, Ince Gordon Dadds, have resumed trading. Ince & Co is one of the largest superyacht law firms worldwide.
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NewsGlobal superyacht market starts year on strong footing
Deliveries, launches and keel-layings all feature in what measures up to be a flurry of activity at superyacht yards at the end of 2018 and start of 2019. The latest project news comes from Brazil, Italy and particularly the Netherlands.
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Hamble School of Yachting acquired
Clipper Ventures, organiser of the Clipper Round the World Yacht Race, has acquired the Hamble School of Yachting, one of the Royal Yachting Association’s (RYA) leading UK sailing schools. The acquisition, for an undisclosed price, is part of Clipper’s strategy to grow its involvement with offshore sailing.
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NewsGreek privatisation agency accepts bid for Chios Marina
Greece’s privatisation agency, the Hellenic Republic Asset Development Fund (HRADF), has accepted an improved bid of €6.21m for the 180-berth Chios Marina in return for a 40-year concession on the facility.
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NewsBenetti formalises strategic partnership with Australian refit yard
Brisbane, Australia-based Rivergate Shipyard & Marina has formalised its long-time partnership with Benetti, with it being selected as the Italian brand’s strategic partner in Australia and the Pacific.
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News1st China yachting summit planned for 2019
A new strategic summit which will address the prospects for yachting, marine tourism and related infrastructure in China is planned to be held in Hainan from March 25-27, 2019. The event follows a recent roundtable held in Hainan to discuss the Chinese market and in particular the plans for Hainan, ...
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Pwllheli Marina ownership may move to private sector
In response to a dwindling number of berth-holders in Wales, Gwynedd Council is considering placing the operation of Hafan Pwllheli, a 400-plus berth marina in the north Wales region of the UK, to the private sector. The marina can accommodate yachts of around 20m (66ft) or more.
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Indian Empress crew payments dispute concluded
Indian billionaire Vijay Vittal Mallya, owner of Kingfisher Beer’s Force One India, has had little pleasure of late from the two superyachts he is, or has been, associated with.
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Greece third in superyacht ownership league
Two recent reports by Bloomberg and Knight Frank indicate that Greece is third in the league of global superyacht ownership for vessels over 40m (131ft) in length. Greece is also the fourth most popular destination for such sized yachts to visit.
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NewsMonaco Marine’s new yard in La Seyne-Toulon opens for business
The latest and seventh shipyard in Monaco Marine’s South of France network is now fully operational, having opened last month. Located at La Seyne-Toulon, the new yard is a state-of-the-art facility for maintenance and refit and will specialise in superyachts from 30m-55m (98ft-181ft).
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NewsPorto Montenegro and Damen to redevelop commercial shipyard for superyachts
In a 50:50 joint venture between the Damen Shipyards Group and Porto Montenegro (PM), some €20m will be invested in developing a superyacht refit and maintenance facility at Bijela able to handle vessels up to 120m (394ft).
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Fairline reports 144% rise in turnover in 2017
The UK’s Fairline Yachts continued down the path to recovery in 2017, the company’s 50th anniversary year, with turnover up by 144% to £24.1m.
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NewsMaritimo near to completing major expansion
Australian luxury yacht brand Maritimo continues to move its activities up a gear through expansion of its facilities, dealer network and model range.
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Conflict over Greek yacht cruising tax and sea tourism growth plans
A new yacht cruising tax implemented by the Greek government last week which was originally due to be paid within 10 days has now been delayed until early April 2019. This action has been taken due, in part, to the intervention of the Cruising Association, the international body for yacht ...
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NewsDisputes involving superyachts continue
Two large superyachts involved in different disputes are still awaiting resolution of their respective situations. The superyachts at the centre of these disputes are the 115m (377ft) Luna and the 91.5m (300ft) Equanimity.
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NewsPalumbo Superyachts boosts lift capacity
Palumbo Superyachts is increasing its lift capacity at its Ancona and Malta superyacht facilities as part of a multimillion-euro investment.
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NewsJohnson Yachts appoints dealer for SE Asia
Johnson Yachts has expanded its global dealer network with the appointment of Singapore-based Dream Nautical, to cover Southeast Asia. This territory joins the other dealer partners located in the US, Germany, UK, Cyprus, Japan, Australia and New Zealand.
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NewsNew network aims to protect Greece’s marine environment
A group of 28 associations and organisations have come together with the aim of protecting Greece’s marina environment under one umbrella – the Marine Environment Cooperation Network (MECN). It is understood that among the members are several marine recreational bodies.
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NewsNew ownership for bankrupt Italian yards
Two Italian yacht-builders that have both been in a bankrupt state have recently been acquired by new owners. The two businesses are Cantieri di Pisa and the Privilege superyacht yard located at Civitavecchia, near Rome. The latter also included an uncompleted shell of the 127m (416ft) Project One.
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